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Announced

Completed

MiddleGround Capital completed the acquisition of EDSCO Fasteners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

anchoring systems

Machinery: Specialty

Acquisition

Majority

Private

Private Equity

Completed

Friendly

Single Bidder

Synopsis

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MiddleGround Capital, a private equity firm, completed the acquisition of EDSCO Fasteners, a manufacturer of mission-critical anchoring systems for power transmission poles and other large steel structures. Financial terms were not disclosed. "EDSCO has a long history as a trustworthy supplier to its customers, reputation for excellence, and track record of growth. Our team really valued MiddleGround’s highly operational approach and culture of continuous improvement. Their values and experiences align well with our own, and we are excited to have MiddleGround as a partner in helping us to achieve our goals," Richard Butler, EDSCO President and CEO.

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